Saudi Polymers Company JV between Chevron Phillips Chemical Company LLC and National Petrochemical Company has started commercial production.
Mr Mike Zeglin executive president of Saudi Polymers Company said that "This is an exciting time for the SPCo team and we are proud to report we've safely achieved start up and commercial production for our new facilities. We will now be working to fill the critical inventory targets needed to ensure our long-term reliability as a supplier of quality products."
The integrated SPCo petrochemicals complex includes world class operating units that are capable of producing ethylene, propylene, polyethylene, polypropylene, polystyrene and 1-hexene.
In addition to direct sales to serve local Saudi demand, SPCo will manufacture products to serve growing world demand outside the Kingdom of Saudi Arabia through its exclusive distributor, Gulf Polymers Distribution Company, utilizing Chevron Phillips Chemical's global marketing network.
SPCo which began construction in January 2008 has created approximately 950 jobs with a high percentage being occupied by Saudi nationals. SPCo is a limited liability company incorporated in the Kingdom of Saudi Arabia that is owned 65% by Petrochem, a joint stock company incorporated in Saudi Arabia and 35% by Arabian Chevron Phillips Petrochemical Company, a wholly owned subsidiary of Chevron Phillips Chemical.